OpenEdge
{{short description|American technology company}}
{{for|the business application development language |OpenEdge Advanced Business Language}}
{{Infobox company
| name = Global Payments Integrated
| owner = Global Payments
| type = Subsidiary
| foundation = {{start date and age|2014}}, as a merger of Accelerated Payment Technologies and PayPros,
acquired by Global Payments
| location = Lindon, Utah, U.S.
| key_people = {{nowrap|Robert Cortopassi}}
{{nowrap|{{small|(President)}}}}
{{nowrap|Jim Hightower}}
{{nowrap|{{small|(Senior Vice President, Operations)}}}}
{{nowrap|Robyn Thompson}}
{{nowrap|{{small|(Vice President, Human Resources)}}}}
{{nowrap|Matt Hyde}}
{{nowrap|{{small|(Vice President, Sales)}}}}
| industry = Payment processing
| revenue = {{nowrap|{{increase}} US$ 600 million {{small|(2018)}}}}{{Cite web|url=https://www.digitaltransactions.net/global-payments-to-buy-medical-software-provider-advancedmd-for-700-million/|title=Global Payments To Buy Medical Software Provider AdvancedMD for $700 Million|website=Digital Transactions|access-date=2019-08-12}}
| num_employees = 5,001-10,000{{Cite web|url=https://www.linkedin.com/company/openedge/about/|title=OpenEdge|website=LinkedIn|access-date=2019-08-12}}
| num_employees_year = 2019
| homepage = {{url|https://www.globalpaymentsintegrated.com/en-us|GlobalPaymentsIntegrated.com}}
| footnotes = {{cite web|url=https://www.sec.gov/Archives/edgar/data/1123360/000112336016000094/gpn20160531-10k.htm|title=US SEC: Form 10-K Global Payments Inc.|publisher=U.S. Securities and Exchange Commission|accessdate=August 12, 2019}}
}}
Global Payments Integrated (formerly OpenEdge Payments, LLC) is an American company providing financial technology services via payment processing integration.{{Cite web|url=https://www.sltrib.com/news/business/2018/02/10/we-expect-the-skyline-to-change-utah-countys-tech-boom-is-fueling-new-growth-in-lindon/|title='We expect the skyline to change' — Utah County's tech boom is fueling new growth in Lindon|website=Salt Lake Tribune|access-date=2019-08-12}} Headquartered in Lindon, Utah, Global Payments Integrated is a subsidiary of Global Payments whose stock is a component of the S&P 500 stock market index.
Business
Global Payments Integrated provides payment processing services to merchants, allowing them to accept credit and debit cards, along with other payment types (this role is known as a merchant acquirer). In return, they receive a percentage of the transaction value (usually about 1-2% for credit cards). They provide these services both directly to merchants, and indirectly through other financial organizations. Global Payments Integrated also develops new software for clients to better integrate with existing systems.
Global Payments Integrated's parent organization is a Fortune 1000 company.{{cite web|url=http://fortune.com/fortune500/global-payments|title=Global Payments|website=Fortune}}
History
In October 2012, Global Payments acquired the smaller Accelerated Payment Technologies for $413 million.{{Cite news|url=https://www.cnbc.com/2012/10/02/global-payments-closes-on-apt-acquisition.html|title=Global Payments closes on APT acquisition|last=CNBC|date=2012-10-02|work=CNBC|access-date=2017-12-31}}
In January 2015, it bought Payment Processing (also known as PayPros), a California company, for $420 million.{{Cite news|url=https://www.thestreet.com/story/12265661/1/global-payments-swipes-smaller-rival.html|title=Global Payments Swipes Smaller Rival|last=Whiteman|first=Lou|date=2014-01-24|work=TheStreet|access-date=2017-12-31|language=en-US}} Accelerated Payment Technologies and PayPros operated under the new name of OpenEdge.
In 2018, Global Payments completed acquisition of AdvancedMD - a partner of OpenEdge Payments.{{Cite news|url=https://www.businesswire.com/news/home/20180905005191/en/Global-Payments-Completes-Acquisition-AdvancedMD|title=Global Payments Completes Acquisition of AdvancedMD|access-date=2018-09-24|language=en}}
On May 28, 2019, Global Payments announced a $21.5 billion merger with TSYS. The merger is expected to trigger a Federal Trade Commission investigation.{{Cite news|url=https://www.cnbc.com/2019/05/28/global-payments-to-buy-peer-total-system-for-21point5-billion-in-stock.html|title=Global Payment Merger with Total System|language=en}} OpenEdge Payments's role in the merger is unclear at this time.
References
{{Reflist}}
External links
- [http://www.openedgepayments.com Official website]
{{Authority control}}
Category:Companies listed on the New York Stock Exchange
Category:American companies established in 2014
Category:Companies based in Utah
Category:Payment service providers
Category:Financial services companies of the United States